With $5.57 billion in cash at the end of the third quarter, Las Vegas Sands has one of the strongest cash hoards in the gaming sector. Additionally, a $4.17 billion revolving credit facility is available to the operator. As of Sept. 30, its debt was $14.17 billion.
That war chest is significant for investors because it shows Sands can easily finance the previously mentioned share repurchase plan and maintain, if not increase, its dividend.
Furthermore, the operator's substantial cash reserve allows it to pursue expansion plans and improvements to current locations without having to access the credit markets during a period of historically high interest rates.
That war chest is significant for investors because it shows Sands can easily finance the previously mentioned share repurchase plan and maintain, if not increase, its dividend.
Furthermore, the operator's substantial cash reserve allows it to pursue expansion plans and improvements to current locations without having to access the credit markets during a period of historically high interest rates.
